> The information accessed is not sufficient to make fraudulent charges on your payment card. In other words... "We leaked a bunch of your personal information, but at least it's not enough data to steal your money!" All of these leaks have the cumulative effect of making ineffective very commonly used security verification questions: "Can I verify that last 4 of your social? And the last 4 of your credit card?" How…
Surely the actual problem here is that the responsibility for reliable identification somehow falls on the consumer, not the bank or what have you? I'll give an example: if I get a phishing email claiming to be from my bank, and end up wiring them $1000, I'm out $1000 for not having done the due diligence for verifying that it in fact was my bank; my bank doesn't suddenly owe me $1000. Somehow, though, if some 3rd pa…
It even is stamped on CC that it is property of the issuing bank. So you made it such way that skimmer can copy your card at gas station and empty someones account in few minutes but you are not part of the problem at all? Then what is the point of of plastic other that milking fees?